post-retirement benefits

post-retirement benefits
Benefits provided by an employer to employees who have retired. For example, some employers provide health care and other benefits in addition to pensions, particularly in the USA. In the USA, Statement of Financial Accounting Standards 106 requires that such benefits are dealt with on an accruals basis and not a cash basis. In 1992 the UK's Urgent Issues Task Force stated that as a matter of principle such benefits should be recognized in financial statements; this applied to all financial periods ending after 23 December 1994. The accounting treatment for retirement benefits is set out in Financial Reporting Standard 17, Retirement Benefits, which was issued in 2000 and amended in November 2002. From 1 January 2005 listed companies are also required to comply with International Accounting Standard 19, Employment Benefits.

Accounting dictionary. 2014.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Other Post-Retirement Benefits — Benefits, other than pension distributions, paid to employees during their retirement years. Most post retirement benefits include life insurance and medical plans. Although these benefits are mostly employer paid, retired employees often share… …   Investment dictionary

  • post-retirement — UK US adjective [before noun] ► relating to the time after someone has left their job and stopped working because they have reached a particular age: »post retirement benefits/healthcare/plans …   Financial and business terms

  • Other Post-Employment Benefits - OPEB — Post employment benefits that an employee will begin to receive at the start of retirement. This does not include pension benefits paid to the retired employee. Other post employment benefits that a retiree can be compensated for are life… …   Investment dictionary

  • Retirement — For other uses, see Retirement (disambiguation). Finance Financial markets …   Wikipedia

  • accrued benefits — Benefits due under a defined benefit pension scheme in respect of service up to a given time. Accrued benefits may be calculated in relation to current earnings or protected final earnings. Statement of Standard Accounting Practice 24 and… …   Accounting dictionary

  • retirement — noun ADJECTIVE ▪ early, premature ▪ A knee injury forced him into premature retirement. ▪ active ▪ comfortable, happy, secure …   Collocations dictionary

  • post-traumatic job switcher — n. A person who changed jobs as a result of stress or anxiety caused by the terrorist attacks of September 11, 2001. Example Citation: Signs of the changing emphasis abound. Teach for America, which places recent college graduates in urban and… …   New words

  • Contra Costa County Employees' Retirement Association — (CCCERA) is a retirement association for Contra Costa County, California workers. It provides Defined benefit plans to the county and other local agencies. The association is a system that provides retirement benefits to employees of Contra Costa …   Wikipedia

  • LGBT retirement issues — Many retirement issues for lesbian, gay, bisexual, transgender (LGBT) and intersex people are unique from their heterosexual counterparts and these populations often have to take extra steps addressing their employment, health, legal and housing… …   Wikipedia

  • Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”